Managing insider lists becomes easy

Online, October 19, 2009 (Newswire.com) - London Registrars, a provider of business support and company secretarial services, has teamed up with Luxington LLP, a supplier of information management applications, to offer one simple tool to UK listed companies to manage their insider lists - the INLIST management software.

The INLIST enables listed companies to maintain control over insider lists as well as amend and track any movements within the list 24/7. It also allows them to audit their advisers' own insider lists, thanks to which the risk of inside information being leaked is significantly reduced.

The benefits
INLIST is a user friendly solution which facilitates
• managing even the most complicated and comprehensive audited insider lists
• monitoring advisers' insider lists, movements within the lists and links among insiders for information sharing
• transferring insider list information from adviser to company in real time, using secure encryption
• creating an electronic audit trail for each insider record and storing all records in a common format
• producing full regulatory compliant reports on demand quickly and effortlessly
• notifying insiders of their responsibilities by automatically sending custom emails to any insider joining or leaving the list and requesting their acknowledgment
• permanently storing and archiving records
• uploading existing insider lists held in an electronic format (such as a spreadsheet or database)
• setting up user accounts with limited access to the company's insider list (for example advisers' accounts can be arranged so that they only view and edit their own insider records).

Security
INLIST is secure. The software works via a web interface and uses some of the most advanced data encryption technology available in the market. All internet traffic to and from the application is encrypted by a 1024 bit secure socket layer (SSL). This ensures that no third party can intercept information being sent or received. All information stored through INLIST is protected by triple key data encryption algorithm and only those with the 'key' may view or edit the data. The data itself is held on dedicated SQL servers in a secure data centre in the UK. Automated backups are made daily and held at a separate data centre in a different location. In addition, INLIST users can also back up their records directly to their local PC or server at any time.

Background
The Market Abuse Directive requires all companies trading on EU regulated markets to ensure that they hold a list of all 'insiders', i.e. persons who have access to inside information relating directly or indirectly to the company, whether on a regular or occasional basis, including advisers, employees, those working on the company's behalf and others who can access price sensitive information. The insider lists are the company's responsibility and must be kept accurate and up to date at all times. They must be made available to the relevant authorities on demand.

London Registrars plc is a niche business support and outsource company secretarial enterprise, providing company secretarial and paralegal services together with a comprehensive range of business services since 1999. As an ISO 9001:2008 accredited firm, London Registrars ensures that its services are delivered to the highest quality standards.

London Registrars operates from its offices at 4th Floor Haines House, 21 John Street, London WC1N 2BP, and serves private and public companies based in the UK and abroad.

Luxington LLP supplies information management and compliance software to listed companies. Its flagship product, INLIST, enables companies to manage their insider lists seamlessly. Other products include Whitebox, an investor relations management application, and ACE, a compiler of bespoke analyst consensus estimates.

Incorporated in 2007, Luxington is based in the heart of the City of London, at 60 Cannon Street.